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PPIS FOR NRIS
RBI overhauls prepaid cards & wallets rules: Rs 2 lakh monthly debit limit, usage, restrictions, new safeguard and moreThe RBI has revised Prepaid Payment Instrument (PPI) rules, introducing new monthly debit limits for full-KYC PPIs at Rs 2,00,000, with a R...- RBI proposes measures to strengthen Prepaid Payment Instruments frameworkThe Reserve Bank of India is introducing new rules for Prepaid Payment Instruments. These changes aim to boost the long-term growth of thes...
- Be wise & safe: Switch from UPI to UPI wallet for small paymentsTo begin with, the concept of mobile wallets is similar to physical wallets. You need to put some money in your mobile wallet through top-u...
- UPI payment for international travellers: Eligibility, documents required, other key details to knowThe Reserve Bank of India (RBI) announced the extension of UPI to allow visitors from G20 countries to use it to make merchant payments whe...
- In-bound travellers visiting India can now make local payments using UPITo start with, it will be available to travelers from G-20 countries, at select international airports (Bengaluru, Mumbai and New Delhi). E...
- UPI for foreign travellers, NRIs: Passport, visa physical verification must for issuance; RBI releases guidelinesRBI on February 10, 2023, released guidelines on the issuance and use of Unified Payments Interface (UPI) by foreign travellers and Non Res...
- RBI doubles pre-paid card limit to Rs 1 lakhBesides, the maximum validity of gift cards has been enhanced from one year to three years, the RBI said.
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